Question

What is the economy impact of Somalia due to Covic-19

The content of the report should be include:

1.Introduction

2. My country before Covic-19

3. After Covid-19

4. The future

5. Conclusion

Answer 1

1. Introduction : Covid-19 has an adverse impact on the economy of Somalia. It has affected the industries and businesses very badly. It has reduced the output of the country which reduced it's GDP and growth of economy. It has made many people unemployed because many industries and companies have been closed due to this pandemic. It has reduced the revenue of the country and affected the economy in a negative manner.

2. Before Covid-19: Before Covid-19 Somalia was a happy country with its limited resources because this is not a developed country. It has limited industries and resources, with which it was maintaining a good economic growth with a fair GDP.

3. After Covid-19: After Covid-19 the economic growth of the country has been decreased because during Covid-19 the industries and companies were closed an the people became unemployed.It has affected the economic growth of the country. So after it is in a deep trouble i.e. reduced economic growth. It has to work hard to get out of this trouble.

4. The future: It has limited resources and limited industries and Covid-19 has affected these industries and resources also. Now it is in a deep trouble of reduced economic growth. The future of this country is not bright because it has not enough resources to get out of this trouble soon. It has to work hard on its industrial productivity to enhance its output and GDP that will increase its economic growth.

5. Conclusion: It is a small country with limited resources. Covid-19 has affected it's industries and resources so it has a decreased economy because of closure of industries which led its economy to decrease and increase in unemployment. It has to work hard to increase its economic growth because it has not enough resources to restore its economic growth.